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Bitcoin briefly dips below $43K as Fed says rate hike 'soon appropriate'
17.2.2022
The odds are on for a March rate increase after Wednesday's FOMC minutes, but stocks also fear geopolitical instability this week
Bitcoin dips before Fed rate hike cues amid warning over $9T balance sheet
16.2.2022
Reducing the balance sheet may spark bigger Bitcoin losses than a rate hike, one analyst warns
Crypto investors hedging out risks ahead of March rate hike
15.2.2022
Analytics firm Glassnode sees several signs that investors are hunkering down for a rough storm as the Fed rate hike in March looms with uncertain outcomes
AUD Falls as RBA in No Rush to Hike Interest Rates
11.2.2022
Tightening the economy appears to be a globally popular trend. This comes to light as markets everywhere struggle to control the rising inflation in their respective countries. The Reserve Bank of Australia, however, is not in any rush to make a rash decision. Calling it risky and too early,...
Head Of Xbox Downplays Fears Of Game Pass Price Hike
9.2.2022
Game Pass has never been more popular, and after Microsoft revealed its plan to buy Activision Blizzard and add some of that company’s biggest games to the service, an increase in the Game Pass subscription price has never felt more inevitable. Newly minted Microsoft Gaming CEO Phil Spencer...
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
XTB Notes 69% Hike in Q4 Profits
3.2.2022
XTB, a Poland-based retail broker, recently released its Q4 report, noting a 69% surge in profits. The company also reported a 31.2% year-over-year jump in operating income, with other parameters showing immense growth. The growth ended up with the Polish broker amassing 183.6 million...
Bitcoin, Ethereum Technical Analysis: BTC Prices Shaken as Fed Keeps Rates Unchanged
27.1.2022
Cryptocurrency markets were volatile on Thursday as traders appeared to react to the Federal Reserve’s decision to keep interest rates unchanged. Bitcoin and ethereum both saw price uncertainty, as markets now expect a March hike. Bitcoin After making a run towards the $40,000 resistance...
Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements
27.1.2022
Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon,...
Bitcoin holds onto 10% gains ahead of crucial Fed rate hike comments
25.1.2022
Bulls lift the market higher on the back of a stocks resurgence, but the specter of the Fed is on the horizon
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
10.1.2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022
Bitcoin price drops to $43.7K after Fed minutes re-confirm plans to hike rates
5.1.2022
Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control
Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
5.1.2022
No timeline exists as to when the internet will switch back on in the second-biggest Bitcoin mining country in the world
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
3.1.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s...
Bank of England Releases Surprise Rate Hike
17.12.2021
The Bank of England recently surprised the market with its sudden bank rate hike. The central bank surged the rate by 0.15%, taking it to 0.25%. The bank previously issued the surge three and half years back, following a sustained period of an asset-buying program and low rates. The financial...
Bitcoin (BTC) Records 6% Hike and Trades Above $66000
8.11.2021
Bitcoin, the world’s largest cryptocurrency, has broken the range. Now it is consolidating again above $65,000. It is now on the verge of crossing its all-time high of $66,000. The price chart is bullish while buying interest increases. All the followers of Bitcoin are extremely greedy to get...
Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’
6.8.2021
The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying...
Echoing GameStop saga, retail traders fuel Robinhood stock price hike
5.8.2021
After a decidedly lackluster IPO debut last week, Robinhood shares have been wildly volatile in recent days, at one point skyrocketing by as much as 81% on the day
ShibaSwap Causing Hike in Ethereum Gas Prices
12.7.2021
The high gas fees associated with Ethereum are attributed to the record growth in the DeFi transactions achieved by ShibaSwap. The protocol has recently tweeted that it has created history by having more than 1 billion dollars of the total value that has been locked on its platform in one day....
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...